Russian President counts on developing energy cooperation with EU

He noted that the EU is Russia’s priority partner, accounting for nearly 50% of Russia’s foreign trade

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MOSCOW, October 23 (Itar-Tass) - Russian President Vladimir Putin counts on the development of Russia’s relations with the EU, including in the sphere of energy cooperation and the preparation of a new basic agreement between Russia and the EU.

“We are interested in the development of multifaceted ties with the European Union, including mutually beneficial energy cooperation, the development of a new basic agreement between Russia and the EU, and in the future - the formation of a single economic and humanitarian space from the Atlantic to the Pacific,” the Russian leader stressed at a ceremony of presentation of credentials by foreign ambassadors in the Kremlin.

He noted that the EU is Russia’s priority partner, accounting for nearly 50% of Russia’s foreign trade ($410 billion in 2012) and for a significant amount of investment (Russian - $64 billion; from the EU - $86 billion).